Examples of Other Collateral Agent in a sentence
Except as expressly provided herein, the Initial Other Authorized Representative and the Initial Other Collateral Agent is acting in the capacity of a collateral agent and authorized representative solely for the Initial Other Secured Parties.
Assign or otherwise transfer its rights under any Intercompany Documents or Material Underlying Financing Documents to any Person other than the assignment of the related Intercompany Documents and Material Underlying Financing Documents to the Collateral Agent as security for the benefit of the Secured Parties and to the Other Collateral Agent as security for the benefit of the Secured Parties (as defined in the Other Loan Agreement).
Take any action to cause the original Intercompany Note, other Intercompany Loan Documents and Underlying Financing Documents to be held by any party other than the Collateral Agent on behalf of the Administrative Agent for the benefit of the Secured Parties or the Other Collateral Agent on behalf of the Other Administrative Agent for the benefit of the Secured Parties (as defined in the Other Loan Agreement), except with the written consent of the Administrative Agent.
The Borrowers shall be the sole account holder of each Borrower Collateral Account and shall not allow any other Person (other than Collateral Agent and Other Collateral Agent as provided in the Depositary Agreement) to have control over a Borrower Collateral Account or any amounts or assets deposited therein or credited thereto.
Each of the Initial Collateral Agent and the Initial Other Collateral Agent shall not have duties or obligations under or pursuant to this Agreement other than such duties expressly set forth in this Agreement as duties on its part to be performed or observed.
Notwithstanding Section 2.01, only the Designated Collateral Agent shall act or refrain from acting with respect to Shared Collateral (including with respect to any other intercreditor agreement with respect to any Shared Collateral); provided that at any time any Other Collateral Agent is the Designated Collateral Agent, such Other Collateral Agent shall have provided prior written notice of any such action to each Senior Representative and Collateral Agent.
The Credit Agreement Collateral Agent and the Initial Other Collateral Agent hereby acknowledge that the Real Property Collateral Agent will obtain a Lien on and security interest in the Mortgaged Property pursuant to the Mortgages for the benefit of both the Credit Agreement Secured Parties and the Initial Other First Lien Secured Parties.
The compensation of any Other Collateral Agent shall be in accordance with a fee schedule to be agreed to from time to time by the Company and the Other Collateral Agent, plus expenses and disbursements.
Any Other Collateral Agent shall provide a copy of any such schedule to the Secured Parties and, upon any modification of the fee schedule, the Collateral Agent shall give prompt written notice thereof to the Company and to each Secured Party.
Bank may rely on any Instruction that was actually transmitted, or that Bank reasonably believes was transmitted, by or on behalf of Client.